Author Question: According to the monetarists, the ratio of nominal GDP to the money stock should be a. highly ... (Read 48 times)

cagreen833 · **on:** Jun 30, 2018

According to the monetarists, the ratio of nominal GDP to the money stock should be

a. highly unstable in short run and in long run.
b. unstable only during recession.
c. unstable only in the long run.
d. quite stable in the short run and the long run.
e. unstable only if the LM curve shifts.

Question 2

Charles Beard (1935) argued that the economic self-interest of businessmen, merchants, manufacturers, bankers and investors led them to convene at the Constitutional Convention in the late 1770s.

They believed that creating a new, or at least modified, system of laws would help them advance the projects in which they were interested at minimal cost. Indicate whether the statement is true or false